Amazon is cutting more than 18,000 employees in the biggest round of lay-offs by a technology giant yet. The world’s largest retailer, which rode a surge in demand at the height of the pandemic, is now moving to cut costs amid cooling demand and fears of recession. Having started reducing its vast workforce in November, […]
Household energy bills are forecast to be hundreds of pounds a year lower than expected in the second half of this year, falling below the government’s £3,000 price guarantee after a sharp drop in wholesale prices. Annual energy bills for a typical household are now estimated at £2,640 from July and £2,704 from October, according […]
Mortgage approvals fell to their lowest level in two years in November as rising borrowing costs and the aftermath of the government’s mini-budget put off prospective homeowners. Borrowing data from the Bank of England showed a larger-than-expected fall in the number of new mortgages to 46,100 in November, down from 57,900 the previous month and […]
Weak exports, job losses and signs that trade with Britain is still being “shunned” after Brexit meant that the manufacturing industry ended 2022 with its lowest output in more than two years. Survey data from manufacturers, compiled by S&P Global, recorded a fifth straight month of contraction in the sector, with December suffering the lowest […]
Food prices rose by a record 13.3 per cent in December, increasing fears that inflation may not fall as sharply in 2023 as central bankers and economists hope. The war in Ukraine led to sustained rises in the cost of animal feed, fertiliser and energy that squeezed supplies as demand rose, according to the latest […]
All children will have to study mathematics until they are 18 under Rishi Sunak’s plans to reimagine the education system. The prime minister will make the policy his personal mission today as he attempts to seize control of the political agenda with the first big speech since his inaugural address outside No 10 in October. […]
British companies installed a record number of public electric car chargers during 2022 as they raced to dominate a fast-growing and potentially lucrative market. There were more than 8,700 public chargers installed in the UK during the year to 22 December, bringing the total available to more than 37,000, according to Zap-Map, a data company. […]
Leo Varadkar, the taoiseach in Ireland, has said mistakes were made on all sides in the handling of Brexit, vowing to be “flexible and reasonable” when attempting to solve issues with the Northern Ireland protocol. He said the post-Brexit protocol is “too strict” and he understands unionist concerns that the treaty has made them feel […]
The UK’s leading companies are less inclined to borrow now than at any point since the financial crisis of 2008, a survey of directors has found. Demand for credit is flagging among chief financial officers, with barely a quarter of those polled at FTSE 100 and FTSE 250 companies expecting to increase borrowing in the […]
Breadcrumb Trail Links Transportation News Airlines Chief executive shares his future plans, lessons learned and more in this year-end interview Porter Airlines’s chief executive Michael Deluce. Photo by Courtesy Porter Airlines Article content Porter Airlines Inc. managed to escape many of the challenges faced by its competitors over the past year and is now looking […]